Most veterans of the U.S. Military are aware that they can receive disability compensation if they were injured while on active duty. However, few veterans know about a special military program that is meant to help veterans who are disabled and struggling financially.
The VA’s pension program can seem a little complicated on the surface, but the gist of the program is that you may be able to earn a monthly pension if you are struggling financially and/or disabled. The payments will depend on your family situation, the level of your disability, and your monthly income. You could receive as much as $24,652 a year if you have a dependent, have no monthly income and are severely disabled.
The qualifications for this assistance may seem a little steep, but if you are working with a knowledgeable elder law attorney or VA-certified attorney, they can help you determine if you qualify. For example, you may think that you have too much income to qualify. However, reoccurring medical expenses, like the cost of a home health aide, can be deducted from your income.
Additionally, the widows of veterans can also qualify for a smaller pension if they meet some of the same qualification standards as their deceased spouse.
The best part of this program is that you do not have to have been disabled while on active duty. This means that many veterans who do not qualify for disability compensation may qualify for a VA pension. Work with a qualified professional to determine if you can qualify for a pension. This will help with Assisted Living if needed.